Mason I would still get one, because some day you may want to get different financing and it could be required.

@June Broce We do a ton of Transactional Lending for wholesalers looking to double close, some investors who are doing seller finance deals or same day purchase and refinance into a DSCR loan.If you can assign the deal and save yourself some money, it's the better option but I 100% understand why someone also prefers to double close and secure their profits depending on the scenario.With that said, you can buy/sell the land SAME day for a legit double closing. 

I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.

How did you finance this deal?

Aloha Capital can help finance DSCR loans. 

As for the gentleman who was upset he didn't get a deed upon down payment for an owner financed deal.  

How did you finance this deal?

Hi @Brandon Rodriguez - We just had our second daughter so had to delay some of our plans since the wife wanted to focus our finances on her first before we moved forward with investing in converting a home into an assisted living home.

College drained my finances faster than I anticipated, but I've found a new path that feels right for me.

I regularly argue that Dave Ramsey provides excellent, sound, time-proven financial advice that everyone should apply to their personal finances.